China calls on United States to be ‘cool-headed’ in trade war

China calls on United States to be ‘cool-headed’ in trade war

President Trump has threatened to escalate his trade war with China once again, asking the Commerce Department to consider a new 25% tariff on $200 billion in annual imports from China.

USA trade representatives are trying to re-engage China in trade talks to de-escalate tensions between the two countries.

Fast forward to today, when the WSJ gives some further color, noting that while "the administration didn't spell out a particular rationale for increasing the tariff...."

U.S. President Donald Trump's administration imposed 25 per cent tariffs on $34 billion in Chinese goods July 6 and sources say more penalties could come.

The US has already imposed 25pc tariffs on $34b worth of Chinese imports, with another $16b to be targeted in coming weeks.

If these potential new tariffs get approved, it begs the question of who will bear the increased costs of bikes and bike related parts, accessories and goods?

Urging cooler heads in Washington to prevail, Mr Wang made the case that United States tariffs would hurt its own consumers and businesses, given how globalised trade is today.

Samsung accidentally leaks the image of Galaxy Note 9
The Galaxy S8 is also getting an update with the August patch, in addition to the Galaxy S9 and Galaxy Note 8 . Now, however, an official image of Samsung Galaxy Note 9 has been leaked by none other than Samsung.

A spokeswoman for the U.S. Trade Representative's Office declined to comment on the proposed tariff rate increase or on whether changing them would alter the deadlines laid out for comment period before implementation. "But there's nothing you can do about 25".

Ed Bryztwa, director of global trade at the American Chemistry Council, was especially concerned about the additional tariffs, even before the threat of more than doubling the tariff rate.

In measured and balanced responses, China made two points.

Bike Europe has reported that the Chinese government will not tolerate blackmail from the American adminsitration and that they would respond in kind.

While raising the bar on countermeasures at each point, China has also knocked the doors of the WTO dispute settlement body with trade disputes against the US's illegal and unilateral crowbar trade measures. "We would advise the United States to correct its attitude and not try to engage in blackmail".

Washington is preparing to also impose tariffs on an extra $16 billion of goods in coming weeks, and Trump has warned he may ultimately put them on over half a billion dollars of goods - roughly the total amount of US imports from China a year ago.

"If we're going to use tariffs, this gives us more flexibility and it's a more meaningful threat", he said, adding that Trump's pressure strategy will not work if he does not resolve trade disputes with U.S. allies such as the European Union, Mexico and Canada.

Related News:

  • New Zealand prime minister joins ranks of working moms

    New Zealand prime minister joins ranks of working moms

    I guess that's just an indication of what every parent experiences, you go down to being so focused on food, nappies and sleep. Ms Ardern, 38, gave birth to her first child in June, making her only the second world leader to give birth while in office.
    Jack Osbourne allegedly punches estranged wife's new boyfriend

    Jack Osbourne allegedly punches estranged wife's new boyfriend

    The pair - who share daughters Andy Rose, Pearl and Minnie together - tied the knot in a Hawaiian ceremony, back in 2012. Osbourne" and it's "an ongoing investigation". "Cops were called and a battery report was taken", TMZ writes .
    Gayle rested for Bangladesh T20Is

    Gayle rested for Bangladesh T20Is

    Put into bat first, Bangladesh lost both the openers early but useful contributions by middle order helped them to reach 143. But Das top-edged a pull off Keemo Paul to Fletcher at deep square-leg to leave for a 21-ball 24, and Shakib fell next ball.
  • Daniel Ricciardo makes Renault switch from Red Bull for 2019

    Daniel Ricciardo makes Renault switch from Red Bull for 2019

    As recently as this midweek following the two-day test at Hungary, Ricciardo had indicated a new deal with Red Bull was imminent . Ricciardo, a victor of two races this year, had previously been linked to Renault prior to signing with the French manufacturer.
    Trump praises Italy's Conte on immigration

    Trump praises Italy's Conte on immigration

    On the issues of trade, fighting terror, and keeping Iran from nuclear weapons, Trump said, he and Conte are on the same page. Trump also described the Iran nuclear deal, which he pulled the USA out of in May, as "ridiculous" and a "waste of paper".
    GOP rep. dismisses Trump shutdown talk as 'posturing'

    GOP rep. dismisses Trump shutdown talk as 'posturing'

    The House version of the bill to fund the Department of Homeland Security would set aside $5 billion for all border security. He acknowledged, however, that the border funding issue in particular was unlikely to be resolved before polling day.
  • Google Maps' location sharing now includes your battery life

    Google Maps' location sharing now includes your battery life

    This is why we wanted to ask you if you are fine with Google sharing your battery life as well as your location with your exes. What do you think of the new feature? It's a small change with a big potential when it comes to safety.
    New Zealand Says No to Resuming Tours of Pakistan

    New Zealand Says No to Resuming Tours of Pakistan

    Pakistan have played most of their "home" games in the UAE since terror attack on Sri Lankan team in Lahore in 2009. Virat Kohli's team is now in England to play remaining 5 Test matches of their UK's tour.
    Glorious Leader: Only Most Of The Media Is The Enemy

    Glorious Leader: Only Most Of The Media Is The Enemy

    At the Washington event, Ivanka Trump also said she disagreed with her father's perspective that the media is the "enemy of the people ".
  • New Trailer Kicks Off Destiny 2

    New Trailer Kicks Off Destiny 2

    So far this includes the Black Armory (Winter 2018), Joker's Wild (Spring 2019), and Penumbra (Summer 2019). In Forsaken , you'll take justice into your own hands and pursue vengeance for your fallen friend Cayde-6.

    US Fed holds steady on rates with economy growing 'strong'

    The economy is riding a tailwind from tax cuts and higher federal spending, though a trade war threatens to dent growth. Roughly balanced The Fed said that risks to the U.S. economic outlook appeared roughly balanced.
    Google reportedly planning a censored search engine for China

    Google reportedly planning a censored search engine for China

    A laptop screen displaying the landing page google.cn, which linked to an uncensored Hong Kong site on July 1, 2010, in Beijing. It will automatically block any websites or searches that are not approved under the Great Firewall .


Most liked

Apple becomes 1st private company worth $1 trillion
That put Apple on a path to overtake Exxon Mobil in 2011 as the largest US company by market value. However, it depends on knowing the number of shares, which is affected by Apple's buybacks .

Child becomes first Manitoban infected with West Nile Virus in 2018
Three mosquito pools have tested positive for the West Nile virus in Peel Region, a spokesperson for Peel Public Health confirms. Last year, Toronto Public Health did not record the first lab-confirmed case of West Nile virus until August 25.

Washington Open: Andy Murray beats Marius Copil to reach quarter-finals
Finishing matches at three in the morning isn't good for anyone involved in the event, players, TV, fans, anyone. He said: "I'm giving my view right now as someone who's just come back from a very, very long injury layoff".

Pompeo meets Turkish FM Cavusoglu to seek pastor's release
The administration is also seeking the release of several detained local employees of the US diplomatic missions in the Turkey. Brunson had denied all charges and his case has become a cause celebre for US evangelicals and the Trump administration.

Bank of Japan Shift Propels Biggest Bond-Yield Jump in Two Years
On Monday, the euro was barely changed at $1.1660 EUR=EBS, corralled between support around $1.1570 and resistance at $1.1750. The greenback had pared some of its gains about two hours after the decision, trading 0.2 percent higher at 111.30 yen.

Man challenges bison in Yellowstone National Park
Park regulations require people to remain at least 25 yards from animals like bison and elk and 100 yards from bears and wolves. Park officials say the rules, for the safety of both animals and people, are clear: stay away from the wildlife.

Miami, FSU, UCF land in coaches' top 25 poll
This is Florida State's lowest preseason ranking in the coaches' poll since they were 20th in Jimbo Fisher's first season (2010). The four Big Ten foes ahead of them are No. 3 Ohio State, No. 7 Wisconsin, No. 9 Penn State and No. 12 Michigan State.

Royal Collection of Historic Rolls-Royce Models to Be Auctioned in September
Bonhams estimates that the auto will eventually sell for £1 million-£2 million (US$1.3 million-US$2.6 million). A transparent Perspex panel replaces the normal glass rear windscreen.

Fields medal: United Kingdom refugee's major maths award stolen
While the briefcase was eventually recovered by the event's security team, the GBP 3000 medal was reportedly missing. Birkar, who specialises in algebraic geometry, was raised in Iran before seeking political asylum in Britain.

Lung cancer will kill 40% more women by 2030
According to their projections, the overall mortality rate of lung cancer among women is expected to increase by 43% between 2015 and 2030.

Bob Woodward writing inside account of Trump White House
Journalism legends Bob Woodward and Carl Bernstein shared a Pulitzer Prize for reporting on Watergate. The cover depicts a close-up of Trump's face, cast in a red filter.

Charlie Sheen Is Losing Money Fast After Hollywood Blacklisted Him
Charlie supposedly owes millions of dollars to his lawyers, in addition to the Internal Revenue Agency, as well as house payments. Additionally, he has been required to pay his ex-wives 9.5 percent of his gross annual income if it's in excess of $2.1 million.

Jose Mourinho: My players gave everything in Real Madrid win
Today, Jose Mourinho is confident of securing one signing as his bosses push Ante Rebic deal... "I agree with that". He said: "I know what Herrera is, I know what Mata is, I know what Sanchez is, I know what they are".

‘Harry Potter’ celebrates 20th anniversary with new interlocking covers
Thanks to the vast pull of the Harry Potter series, its marketing, movies and world of mouth, that made the book in vogue. It is like a comforting thing from your childhood that reminds you of a lovely time.

Chipotle gives away free guacamole on National Avocado Day
That's right, you won't be paying that extra $1.80 for delicious guacamole and it's all in honor of the greatest holiday ever. Laurie Schalow, Chipotle's chief communications officer, told The Associated Press that they are not giving away gift cards.